Surprise: Manzana is now worth more than other tech companies like Alphabet, amazon and Meta combined.
According to data from Yahoo Financethe apple brand is now valued at 2,307 billion dollars while the other 3 technology giants “barely” add up to 2,306 billion.
The market capitalization of the parent company of GoogleAlphabet, reached 1,126 billion dollars, that of Amazon at 939,780 million dollars and the parent company of Facebook, Meta, at 240,070 million dollars.
The apple company exceeded the revenue and profit forecasts that Wall Street had for it in its fourth quarter. Shares of the iPhone maker soared 8% after these results.
Apple is now worth more. Amazon, Alphabet and Meta “wash out”
Business Insider reports that tech stocks generally took a hit after posting poor quarterly earnings, but Apple bucked the trend.
For its part, Meta shares slumped more than 20%, while Amazon shed 10% and Alphabet shrank 1%. According to analysts, these results would indicate that the demand for digital advertising is declining.
Despite Apple’s achievement, its value has been reduced since 2021. At the end of last year the company was valued at 2,193 billion dollars.
The shares of the companies Big Tech They have been hit this 2022 by high inflation, the war in Ukraine, the post-pandemic recession and other factors.
Editorial Team The editorial team of EMPRENDEDOR.com, which for more than 27 years has worked to promote entrepreneurship.